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Our Factsheet
Growing the business since 1958
In Summary: Day after day, Budget employees and operators at approximately 2,700 locations in more than 120 countries help support our vision, mission and values.
Quick History
Budget Rent A Car was founded by Morris Mirkin in 1958 with a $24,000 investment. The company name was chosen to appeal to the “budget-minded” or “value-conscious” renter. In 1959, in an effort to grow the business, Mirkin appealed to a distant relative, Jules Lederer, president of a Chicago-based manufacturer of writing instruments, for additional financing. Lederer formed a leasing company and leased new vehicles to Mirkin. In 1960, Lederer formed Budget Rent A Car Corporation in Chicago. The company then grew rapidly, both nationally and internationally.
In 1986, Gibbons, Green and van Amerongen Ltd. along with management and selected investors purchased Budget from Transamerica Corp. in a LBO transaction. Budget made an initial public offering of 3.2 million shares in 1987.
In 1992, Budget moved downtown Chicago headquarters to Lisle, Ill.
In April 1997, Budget was bought by Team Rental Group, Budget’s largest franchisee in the United States and changed its name to Budget Group, Inc. Budget Group began trading on the NYSE that year.
In 1997, Budget unveiled “Unlimited Budget” a travel agent loyalty program through which members receive a free Unlimited Budget debit MasterCard card and earn points (dollars) for completed bookings.
In 1998, Budget introduced “Fastbreak,” Budget’s express service with paperless transaction.
In 2002, Budget Group was delisted from the NYSE and sold Budget Rent A Car assets in the United States, Canada, Latin America, Caribbean, Australia and New Zealand to Cendant Corporation. Other worldwide assets were sold to Avis Europe, Plc. Later, Cendant moved Budget headquarters from Lisle, Ill. to Parsippany, N.J.
In 2006, Cendant Corporation separated into four independent companies: Realogy, Wyndham Worldwide, Travelport and Avis Budget Group, Inc. As a result, Budget Rent A Car System, Inc. is now a subsidiary of Avis Budget Group.
In 2011, Avis Budget Group, Inc. acquired Avis Europe plc. The transaction re-unites Avis Budget Group with its licensee for Europe, the Middle East, Africa and Asia.
About this location:
Location
Fresno Downtown
Additional Travel Information
Conveniently located in Downtown Fresno, the Budget Rent a Car Ventura Street location has an entire selection of family friendly vehicles for your next trip. Depending on the size of your family, you can find a four-door sedan, an SUV or a minivan to suit your needs. The Budget Ventura Street location knows that family trips are important, so we have vehicles with options that make your driving experience as convenient as possible. You can choose from vehicles that have GPS navigation systems, so you won’t have to worry about getting lost when looking for local attractions. You’ll also be able to choose from SUVs and minivans that come with DVD players installed to entertain the children. No matter which one of our rental cars you choose, we want to ensure that it can easily get you around town as well as other destinations near the city.If you’re looking for fun near the Ventura Street location, you can take a trip to the historic Tower District. Here, you will find a variety of vintage boutique shops, restaurants and events. When you use Budget car rental Ventura Street, you’ll be within a mile of the 41 and 99 freeways, which can take you to different parts of the city. By heading 4 miles north on the 99 freeway, you can go to the Chaffee Zoo. During the warmer months, your family can visit the Island Waterpark. The waterpark is located towards the edge of the city and is also located directly off the 99 Freeway. For an outdoor adventure, you can travel north on the 41 to Yosemite National Park for a day of hiking, and you’ll also witness the park’s giant sequoias that are as old as 3,000 years old.Allow Budget to help you save money on your next trip when you’re looking for Fresno car rentals.
Additional Location Information
Select from a wide variety of vehicles at Budget Fresno Downtown, check out the latest Fresno Downtown Car Rental Deals, and be confident that you are getting the best rental rates in California !
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